Blood Irradiators Market 2021 is Generating Value of US$ 67 million by 2026, at a CAGR of 4.7% Growth Rate | Gamma-Service, Gilardoni, Hitaci, Cegelec, Rad Source, Shinva, NPIC, CIF medical

The global Blood Irradiators market size is projected to reach US$ 67 million by 2026, from US$ 48 million in 2019, at a CAGR of 4.7% during 2021-2026. The demand for Blood Irradiators can be attributed to patient benefits, growth of the manufacturing sector, increasing production and growing capacity in healthcare industry, and healthy growth of pharmaceutical and food & beverage industry in developing countries, are supporting the growth of the Blood Irradiators market.

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Pandemic impact on the Global Blood Irradiators Market:

The declining prices, supply-demand gap, and COVID-19 pandemic impact had severe impact on the Blood Irradiators market. Due to the COVID-19 pandemic, the demand for Blood Irradiators has been increasing due to rise in the healthcare throughput, suspension of manufacturing activities, disruption of supply chain, and postponement of the expansion projects across the globe. However, during pandemic period, the growing demand from the food & beverage, and pharmaceutical industries supports to offset the marginal decline in demand caused due to slowdown in the manufacturing sector across the globe.

Global Blood Irradiators Market Dynamics:

Blood is irradiated in order to prevent a potentially fatal complication of blood transfusion called Transfusion Associated Graft versus Host Disease (TA-GVHD). Irradiated blood is typically used for immunocompromised patients including: Transplant patients. Bone marrow recipients. Irradiators are machines that expose products to gamma radiation to kill germs and insects or for other purposes. Food, food containers, spices, fruits, plants and medical supplies are the products most commonly irradiated. The process does not leave radioactive residue or cause the products to become radioactive.

The report recognises major industry vendors, key regions, demand & supply, applications, innovations, revenue costs, and challenges. Information according to global Blood Irradiators market segments such as geographies, applications, and industry by considering major players has been given. The report shows market effect factors analysis that precisely emphasizes technology progress/risk, consumer needs/customer preference changes, technology progress in a related industry that draws the growth factors of the market.

The evident quantitative as well as qualitative insights about the Global Blood Irradiators market are covered in the report along with forecast analysis of all the Global Blood Irradiators market that expected to modify the market in the future are described in detail. The segmental analysis also highlights details about different aspects that will influence the market.

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Blood Irradiators Market Players:

Best Theratronics
Gamma-Service
Gilardoni
Hitaci
Cegelec
Rad Source
Shinva Medical
NPIC
CIF medical
JL Shepherd and Associates

Product Type Segmentation:

X-ray Blood Irradiation
Gamma-ray Blood Irradiation

Industry Segmentation:

Blood Bank
Hospital

Segmentation by Regions:

On the basis of Regional analysis, North America and Europe holds major share in global Blood Irradiators market. Moreover, Asia-Pacific is expected to record higher growth rate in Blood Irradiators Market during the forecast year.

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Top Industry News:

Hitachi Developed the Hitachi Electronic Signature Service that Promotes to Eliminate Personal Seals with High Authenticity of Information by Blockchain Technology, and Starts Internal Operations on 03 March, 2021 -- Hitachi, Ltd. today announced that it has developed the Hitachi Electronic Signature Service ("the Service"), which implements secure electronic contracts based on blockchain (distributed ledger) technology. The Service digitizes the signatures and seals of paper documents such as contracts exchanged between companies, and promotes to eliminate personal seals. The use of blockchain guarantees the authenticity of signature information and improves resistance to data tampering. The Service provides stable system operation by using the Hitachi Blockchain Service for Hyperledger Fabric for its blockchain platform. The Hitachi Blockchain Service for Hyperledger Fabric is suitable for transactions between multiple corporations and has also been used for traceability systems in inter-company supply chains. The Service will contribute to the establishment of a new sustainable way of working in the age of the New Normal with supporting remote working, operational efficiency and cost reduction.

Hitachi started to operate the Service at the Procurement Department at its head office as of March 2021. After reflecting the feedback in the Service, we will launch sales to corporations in Japan after July 2021. In the future, we plan to roll out to global corporations with a focus on North America. Further, the whole Hitachi Group systematizes and sells a wide range of radical know-how and technology as a service to support new workstyle in the New Normal. We also plan to include the Service in this lineup.

At present, the introduction of remote working, including working from home, is expanding rapidly as a measure to control the spread of COVID-19 infections. Many corporations are in the process of setting up the infrastructure environment for flexible working regardless of location. However, at Japanese corporations, in particular, the procedures for affixing signatures and personal seals to paperwork, including contracts exchanged between corporations, have proven to be a major obstacle to remote working. Additionally, binding and mailing original documents, buying and affixing revenue stamps, and storing documents require a lot of time and money. In this situation, there is rising interest in electronic signatures that use digital technologies as an alternative method, but there are issues around security to prevent data tampering by third parties.

At this time, Hitachi has used its IT expertise to develop the Service, which digitizes the procedures for affixing signatures and personal seals. It is a solution that makes it possible to carry out these procedures anytime and anywhere, thus it realizes remote working, operational efficiency, and cost reduction. At the same time, the Service maintains a high level of security thanks to the blockchain technology. Hitachi offers the Service as SaaS (Software as a Service) with integrated functions and operational administration.

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